• Exro has achieved what many have been working to develop – technology bringing more than 25% increase in both torque, acceleration
• Company gains exceptional visibility as it brings measurable benefits to manufacturers, investors
• XRO enters commercialize stage, set to reap benefits of groundbreaking technology in 2020

Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) is a Vancouver, British-Columbia-based technology pioneer developing an intelligent energy-management system to dramatically improve the performance of electric motors and power trains. An Exro profile recently drew the spotlight on BTV-Business Television, attracting impressive numbers – 884,150 views or impressions, with 72,830 investors watching the video online.

In the video, Exro CEO Sue Ozdemir, previously head of General Electric Industrial Motors Division, presented XRO’s major milestones in the development and commercialization of its novel technology, which promises to be a must-have in the lucrative electric-vehicle market, estimated to grow to more than half a trillion dollars by 2025. The five-minute video includes additional insight provided by Brent Todd, senior investment advisor at Canaccord Genuity Wealth Management, who highlighted how the relevant investment community looks at XRO’s exceptional technology (http://ibn.fm/vK9LP).

That technology improves the performance of electric motors by separating individual coils, enabling them to switch according to power needs. This remarkable novel technology can also be applied to generators, allowing for a greater range of energy creation. Exro has already made inroads into the automotive, agricultural, recreational and last-mile transportation sectors, where the company is on track to commercialization.

Although electric motors have been around for a long time, Exro is making electric motors smarter as they all suffer from the same problem – optimization of the system. The trend in the industry to overcome this problem is to install an additional gearbox or motors, thereby creating a heavier, more expensive systems. “It’s a principle of electric motors called ‘coil switching’ that’s the basis of our technology,” said Ozdemir. “It’s very widely known in the industry. And we’ve just done what everybody else has been trying to do. We’ve accomplished it.”

It’s not only investors that are being increasingly attracted by Exro’s technology but manufacturers, too. The reason why the new technology appeals to them is its amazing scalability. “It is totally scalable, up in size, down in size. So we can go down to a skateboard, or we can go up to a bus,” said Ozdemir.

Perhaps even more appealing is the ability of Exro to integrate with existing motors. “That’s huge because some of those manufacturers have hundreds of millions, even billions invested in plants and equipment. They can still get increased performance out of the motor but without having to change their equipment,” added Todd, confirming the significance of this feature.

Exro is a company at the forefront of technology, which enables the transition to clean energy, creating measurable performance gains at the same time. As a company with exclusive technology that brings lucrative benefits in multiple industries – automotive, public transportation, agriculture, wind energy, recreational and last-mile vehicles – Exro is an attractive opportunity for investors seeking to leverage groundbreaking technology applied in a high growth market.

For more information, visit the company’s website at www.Exro.com

NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF

• SGLB executive chairman updates shareholders on how company is adjusting to COVID-19 pandemic
• Ruport reports on increased innovation, efficiency in its team dynamics
• Sigma Labs “adapt[s] seamlessly” to new conditions, sees future opportunity “bigger than… imagined”

In a recent letter to shareholders, Sigma Labs Inc. (NASDAQ: SGLB) Executive Chairman Mark K. Ruport discussed the expected impact of COVID-19 on the company, outlined recent company accomplishments and talked about upcoming milestones. Ruport stated that what SGLB is doing for the 3D-metal-printing industry is “more important and relevant than ever before” and that the current situation will have minimal long-term implications to the company’s business plan (http://ibn.fm/syDOQ). Sigma Labs is a leading developer of quality-assurance software for the commercial 3D-metal-printing industry that uniquely allows manufacturing anomalies to be corrected in real time.

“One of the things that has amazed me over the past few months is the level of interaction between our Sigma team and our customers,” he observed. “We seem to be carrying out evaluations and installations as if there wasn’t a crisis. In many ways, we are becoming more efficient and more innovative in responding to customer issues.

“For example, in the past, we were likely to just react and put an engineer on a plane and spend a few days at a customer’s site to get an hour or two on the printer to address an issue,” Ruport continued. “Today, we are experimenting with users wearing cameras, supplemented with augmented reality, to be our engineer’s eyes and instructing our customer on how to be our hands as we address a critical situation together. The result is a more educated and competent user, and a much more efficient Sigma team.”

Ruport noted that Sigma Labs is doing everything possible to ensure the safety of each of the people who work for the company and that SGLB’s work and culture before the pandemic “has allowed us to adapt seamlessly to work remotely.” One important change, he noted, was the prioritization of weekly company-wide conference calls to ensure that company officials maintain regular, frequent contact with its employees.

In the letter, Ruport talked about significant SGLB achievements over the past year, which include the following:

• Successful completion of several financings in order to continue to fund company development efforts and market initiatives.
• Launch and successful execution of Sigma Lab’s Rapid Test and Evaluation (RTE) program with five different companies.
• Granting of several patents to protect the company’s IP; this brings the total of SGLB patent portfolio to 11 issued and 24 pending patents.
• Continued sales of SGLB’s PrintRite3D(TM) to universities and R&D organizations around the world
• Announcement of PrintRite3D Production Series, which features a real-time production dashboard and several significant add-on features.
• Third-party validation of SGLB technology from influential organizations.

Looking forward, Ruport also reported on upcoming milestones the company is expecting, including the following:

• Continued acquisition of PrintRite3D by influential universities and R&D organizations worldwide.
• Implementation of OEM contracts with 3D metal-printing hardware manufacturers to integrate SGLB technology.
• Evolving relationships with additive manufacturing (AM) software companies to integrate SGLB products to streamline and optimize the AM digital thread from simulation through closed-loop control.
• Multi-unit sales of PrintRite3D Production Series by end users.
• Increasing quarter-over-quarter revenue driven by multiple, independent streams, primarily from OEMS, end users, resellers and others.

“On one hand, the world is deep in crisis, and we as a company need to take measures to ensure we are prepared to operate through this global shutdown,” Ruport told shareholders. “On the other hand, I had to balance these COVID-19 issues with my belief that when we get through this, our opportunity will be bigger than I had ever imagined… We are seeing the convergence of the next generation of manufacturing, the need for manufacturers to rethink their supply chain strategies, and the commercialization of our technology coming together and creating the perfect opportunity for Sigma.”

Sigma is a software company that specializes in the development and commercialization of real-time, computer-aided-inspection (CAI) solutions known as PrintRite3D for 3D-advanced manufacturing technologies. SGLB’s advanced, computer-aided software product revolutionizes commercial additive manufacturing, enabling nondestructive quality assurance mid-production, uniquely allowing errors to be corrected in real time.

For more information about Sigma Labs, please visit www.SigmaLabsInc.com

NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB

• Q4 highlights include $15 million equity line, CancerQuest 2020 initiative
• POAI revenues for FY 2019 total $1.4 million, primarily driven through sale of proprietary STREAMWAY units
• Predictive Oncology will continue to be pioneer in fields of biomarker discovery, precision therapies

Predictive Oncology Inc. (NASDAQ: POAI), a knowledge-driven company focused on applying its cutting-edge technology to cancer research, released its financial report for fiscal year 2019, ending December 31, 2019. The report also identified fourth-quarter highlights for the company (http://ibn.fm/CRxo2).

Noting that 2019 “was not without its challenges for the entire healthcare technology industry,” POAI CFO Bob Myers observed that Predictive Oncology “continued to execute on our business model, making a synergistic acquisition and shoring up our balance sheet via a new $15 million equity line from Oasis Capital. Our STREAMWAY(TM) line has maintained strong disposable product sales and we continue to sell the STREAMWAY System.”

In its announcement, POIA outlined several key milestones reached by the company during the fourth quarter, including securing a $15 million equity line with Oasis Capital and launching its CancerQuest 2020 initiative with ovarian cancer as the initial target. Other highlights include subsidiary Helomics sequencing tumor cases in partnership with UPMC Magee Women’s Hospital and subsidiary Skyline Medical completing its largest STREAMWAY System order to a single hospital in company history.

Regarding the company’s financial numbers, the report noted revenues for FY 2019 were $1.4 million, steady year over year when compared to FY 2018, which was also $1.4 million. Revenues were primarily driven through the sale of Predictive Oncology’s proprietary STREAMWAY units, with 43 units sold in 2019. The company reported that gross margins remained strong, declining slightly to 62% in 2019 from 71% in 2018; much of that decline was tied to the increase in costs following the consolidation of the Helomics acquisition in April 2019.

The growing company’s report detailed losses consistent with a company investing in its long-term future. Net losses for 2019 totaled $19.7 million versus $10.1 million in 2018. General and administrative expenses rose an estimated 111% to nearly $9.8 million in 2019 as a result of extraneous expenses and initial costs related to the Helomics merger. Operational expenses also rose to $3 million, compared to $1.8 million in 2018. Net loss in 2019 reflected impairment charges of $8.1 million on goodwill related to the Helomics merger and $800,000 on intangibles.

In addition, Predictive Oncology saw a gain of $6.1 million as a result of the revaluation of the equity method investment recorded following the initial 25% purchase of Helomics and after the merger and consolidation of Helomics. Predictive Oncology also incurred additional expenses of $4 million in 2019, primarily due to an increase in interest expense, payment penalties, amortization of original issue discounts and a loss on debt extinguishment related to notes payable.

“We continue to be very excited about the revenue and monetization prospects for our precision medicine business, which will allow us to be at the forefront of developing the artificial Intelligence (AI)-driven predictive models of cancer, as well as our revolutionary STREAMWAY clinical waste disposal products,” said POAI director and CEO Dr. Carl Schwartz. “We will continue to execute upon our comprehensive strategy to deliver long-term profitable growth and innovation while concentrating our efforts and resources on our recently acquired Helomics business.

“Building on the successes in 2019, we have recently announced the launch of our CancerQuest 2020 initiative, and we expect Helomics’ first AI-driven predictive model of ovarian cancer to be ready for initial commercialization in revenue generating projects with Pharma in Q2-2020,” he continued. “Furthermore, we have signed a letter of intent to acquire Quantitative Medicine, a biomedical analytics and computational biology company with a unique machine learning (ML) framework that will be integrated in with our Helomics business. Against this backdrop, we believe that Predictive Oncology will be a leader in the application of AI and ML to both the use of and search for new precision therapies.”

POAI is bringing precision medicine, or tailored medical treatment using the individual characteristics of each patient, to the treatment of cancer. Through the company’s Helomics division, the company leverages its unique, clinically validated patient derived (PDx) smart tumor profiling platform to provide oncologists with a road map to help individualize therapy. In addition, the company is leveraging artificial intelligence and its proprietary database of over 150,000 cancer cases tumors to build AI-driven models of tumor drug repose to improve outcomes for the patients of today and tomorrow.

For more information, visit the company’s website at www.Predictive-Oncology.com

NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://ibn.fm/POAI

• California Consumer Privacy Act presents opportunity – not inhibition – to data management companies
• SRAX prioritizes consumer experience as well as the consumer’s ownership of data
• Launch of new program allows public companies to conserve cash, purchase ads with stock payments

Digital marketing and consumer data management technology innovator SRAX Inc. (NASDAQ: SRAX) is adapting to and overcoming the new challenges of 2020. From new laws regarding data collection and elimination of social gatherings due to stay-at-home orders, SRAX is helping consumers and the brands they trust stay connected.

The California Consumer Privacy Act (CCPA) has presented both challenges and opportunities to businesses regarding data privacy regulations. Following the precedent set by the 2018 General Data Protection Regulation (GDPR), California set out requirements of its own that are anticipated to influence similar legislation across the rest of the United States.

In a recent article, Tech News World identified these legal implements not as inhibitors to business but rather as opportunities for the industry to enhance customer experience (http://ibn.fm/Rglz3). Consumers who opt into the sharing of data are more likely to fully engage with brands. What some see as inflexible standards of the CCPA can actually be mechanisms to help companies build trust and transparency with an interested audience.

While many in the data management realm are playing catch-up to these new legal requirements, SRAX has prioritized customer control from its inception. The Company provides all stakeholders – marketers, content owners and consumers – tools to unlock the value of data. All of the data collected by SRAX is opted into by the consumer, making it more valuable with long-term recurring revenue to the companies who access the collected information. Not only are consumers receiving a better overall experience from the companies they choose to interact with, but the companies are accessing high-quality data with higher conversion rates – a win-win situation orchestrated by SRAX’s strategic design.

2020 has brought more changes then data privacy. In fact, more people are online right now than ever before. Social distancing has forced the world out of the office and into cyberspace, and companies are having to pivot quickly to meet the new needs of their consumers. Understanding this new challenge and the opportunity accompanying it, SRAX launched a Stock for Ads program (http://ibn.fm/OusoP). This new program allows public companies to conserve cash by purchasing media across all marketing channels with stock payments.

“We understand what it means to be a publicly traded company and we want to help businesses continue, not halt their marketing efforts,” SRAX founder and CEO Christopher Miglino stated in a news release. “With our custom media plans, businesses can attract and engage customers with digital ads, covering expenses up to a year in exchange for stock of their company.”

Now more than ever, people are seeking community. The new virtual happy hour (http://ibn.fm/oBpCb) is evidence to how, when faced with any odds, humans still seek connection. Consumers are turning to the tools they have on hand, and those tools are digital. SRAX has worked hard to create a platform that empowers the consumer to take charge of their digital content. When companies sign up, they are communicating to potential consumers that they value and respect their privacy. They are seeking a relationship built on trust and loyalty and aren’t looking for shallow connections. SRAX provides a platform that enables both consumers and brands to reach their full potential.

For more information, visit the company’s website at www.SRAX.com

NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

• Company’s mission is to revolutionize the automotive industry by providing a safe and secure online transaction space
• Online vehicle auction sector is expected to continue growing at a fast rate, further spurred by current pandemic-imposed social distancing rules
• PowerBand Solutions’ cloud-based platform enables consumers to buy, sell, lease and trade vehicles through their smartphones

Car dealership culture is evolving as the new coronavirus ushers in social distancing. As the future of auto sales seems to be online, companies such as PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) are uniquely positioned to benefit and contribute to the creation of a viable, exclusively online auto trading marketplace.

With the current pandemic enforcing wide-scale social distancing, car dealerships have responded by improving their online sales capabilities and offering home delivery options to keep customers coming and purchasing cars. Car traders have added new online digital platforms that allow customers to choose a color, model, trim level, and options, according to multiple dealerships cited in a Consumer Reports article (http://ibn.fm/x0g39). Consumers can negotiate the prices of trade-ins and the vehicle they’re interested in buying and be approved for financing online.

Traditionally, online car sales have made up 10 to 15 percent of the total U.S. vehicle market, according to online leasing company Autopia. With fear of the new coronavirus driving foot traffic down, this number is increasing fast. According to the Consumer Reports article, online car sales strategies are here to stay, and consumers can expect to be able to buy cars as easily as they buy a lot of other things, with their smartphones and tablets.

Technology provider PowerBand Solutions is well ahead of the curve in this respect: even before the pandemic, the company’s mission has been to revolutionize the automotive industry with its unique cloud-based platform that enables consumers to buy, sell, lease and trade vehicles through their smartphones.

To attain its goal of providing the automotive industry with an effective, innovative alternative to physical auctions as a method to buy and sell vehicles, PowerBand Solutions partnered with Arkansas-based financier Bryan Hunt, Director of J.B Hunt Transport, to launch the D2D Auto Auctions platform. D2D users can save considerable time and money buying and selling vehicles online versus the traditional physical auction method. D2D’s customers will also have access to a greater supply and variety of used vehicles than they would through physical auction channels. In the U.S. alone, over 40 million used vehicles exchange hands each year, with over 10 million vehicles being bought and sold through auctions.

More than 1,300 dealers were registered on the D2D platform when it was launched at the end of 2019. This number is increasing rapidly as social distancing takes effect and D2D’s sales team targets additional dealerships and commercial customers, including leasing, rental and fleet companies.

Among PowerBand Solutions’ further efforts to alleviate consumers’ efforts to complete vehicle sale transactions online is its recent acquisition of fintech industry leader MUSA Holdings. The two companies will join efforts to create a one-stop SaaS platform throughout the life cycle of vehicle purchase. Consumers and franchised and independent dealers will be able to lease vehicles using MUSA’s real-time lease origination platform, retain customers through new lease options using the PowerBand Solutions RouteOne partnership, and acquire pre-owned vehicles through the company’s online auction platform for MUSA consumers.

The D2D Auto Auctions partnership and the MUSA acquisition have already positioned PowerBand Solutions as a significant player in the fast-growing North American online vehicle auction market. The company also owns an Exporter License, allowing it to actively participate in the $10-billion cross-border used vehicle market. Its leading-edge used-vehicle online remarketing auction platform incorporates inventory management, the latest auction technologies in the industry, appraisal processes, and market intelligence. As the online auction sector continued to expand, D2D will have the opportunity to capture considerable market share and give PowerBand a solid foothold in the U.S. automotive transaction marketplace.

For more information, visit the company’s website at www.PowerBandSolutions.com

NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://ibn.fm/PWWBF

• SGLB launches new patented Printrite3D(R) Production Series, giving 3D printing operators metrics to increase quality control while operating remotely from any location
• 3D metal printing expected to increase as economic shutdown affects complex manufacturing supply chains
• Robust patent strategy established to protect intellectual property with eleven patents granted, 24 patents pending
• New Printrite3D(R) Production Series an essential first mover contribution: a universal thermal quality data standard for measuring, comparing part quality from part to part; AM machine to machine; brand to brand

As supply chains look to restructure from the economic impact of COVID-19, Sigma Labs Inc. (NASDAQ: SGLB) remains at the frontline in quality control software for the 3D printing industry by launching its new patented Printrite3D(R) Production Series. Featuring a new ‘Production Dashboard’, the series arrives at a critical time for the industry as it evolves into a viable alternative to traditional manufacturing models.

Effects of the economic shutdown are profoundly affecting U.S. manufacturing, especially for producers that rely heavily on complex and lengthy supply chains. Since on-demand 3D printing is more timely and rapid in development and delivery, many experts expect sharp increases in 3D printing in conjunction with an overall restructuring of supply chain dynamics (http://ibn.fm/AjYur).

In addition to addressing perplexing quality control issues, Sigma Labs’ PrintRite3D(R) Production Series also enhances the speed and agility of 3D metal printing by truncating the design and development process, accelerating machine qualification, and enabling remote production in real-time from any location in the world. The software’s technology runs on most major brands of 3D metal printers, allowing for standardized quality assurance processes that can be used across equipment from different manufacturers throughout the entire supply chain.

Built on a rich history of innovation, SGLB’s robust patent strategy includes seven patents granted, 18 patents pending, and four patent applications in pre-publication. “PrintRite3D(R) Production Series is the culmination of years of internal research and development and radical collaboration with our customers,” Sigma Labs Executive Chairman Mark K. Ruport stated in a news release (http://ibn.fm/v2DYM). “We believe it will be seen as a major advancement for the additive manufacturing industry just as 3D printing of metal parts will be tested and challenged to fulfill the promise of being the next revolution in manufacturing.”

As the industry moves from prototype manufacturing of critical components to economically viable commercial production, SGLB’s leading quality control solutions enable 3D metal printing to dramatically increase production speed and quality yields while dramatically decreasing the excessive cost of quality control. The PrintRite3D(R) Production Series features an intuitive dashboard that provides in-process quality metrics and actionable information that will enable operators to make changes in real-time production as required from any location around the globe, allowing manufacturers to deploy the technology throughout their entire supply chain.

“PrintRite3D® Production Series addresses one of the critical barriers of the industrialization of additive manufacturing and puts highly sophisticated tools in the hands of the printer operators,” Dr. Prveen Bidare stated in a news release. Bidare, who is the technical research officer in Hybrid Manufacturing at the University of Birmingham, added, “Bringing Sigma’s technology down to the manufacturing floor to be used by production managers to monitor the 3D printing process is a major step forward for the AM industry.”

Founded in 2010, Sigma Labs, Inc. is a leading provider of quality assurance software to the commercial 3D printing industry under the PrintRite3D(R) brand. With a global client base that includes 23 installations across 19 different users, the company’s growing client list includes tier-1 OEM enterprises and end-users such as Siemens, Honeywell, Pratt & Whitney. Through a stated objective to become the de facto provider of quality assurance software, SGLB aims to provide solutions that will catalyze the full-scale industrialization of the commercial additive manufacturing industry, referred to by many as the fourth industrial revolution.

For more information about Sigma Labs, please visit www.SigmaLabsInc.com

NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB

• SRAX launches Video Virtual Roadshow solution, helping public companies engage with investors in pandemic, post-pandemic world
• Company also released BIGtoken Lightning Insights, helping brands get consumer insights in hours
• SRAX offers investors growth potential backed by diversified business model, proven ability to swiftly seize market opportunities as they arise

SRAX Inc. (NASDAQ: SRAX), a digital marketing and consumer data management technology company, is revolutionizing consumer and financial markets data collection through secure and transparent digital platforms – even in these challenging economic times. As a part of one of its flagship products, SRAX IR, the company has recently announced the launch of SRAX IR Virtual Roadshow – a new tool that allows publicly traded companies to search for prospective investors and host video meetings (http://ibn.fm/YJYDH). The company also announced that it recently enhanced another leading product, BIGtoken, with a tool that connects brands with consumer insights in as little as a few hours (http://ibn.fm/8UDUF).

SRAX IR, the platform that helps public companies communicate with their current shareholders and potential investors by leveraging data that tracks their behavior in the stock market, has been enhanced by SRAX IR Virtual Roadshow tool. This new offering helps companies build their prospective investor list and host one-on-one or one-to-many video and audio meetings. By presenting their story as well as quarterly and annual updates, companies are able to engage with existing and new shareholders in a dynamic way. The unique feature of this tool is that after an event has ended, companies can monitor in real-time the market behavior of investors who attended the meeting and track their investments in the company.

“The ecosystem for investor events will be changed forever after the current environment. Both investors and issuers will no longer need to meet in person. New technologies are providing the tools that issuers need to meet with current and prospective investors,” SRAX Founder and CEO Christopher Miglino stated in a news release. “The organizers of these events are the cornerstone of the industry and our system will allow for them to create their own events on the platform and profit from letting issuers invite investors from proprietary lists to the issuers’ roadshows. Video is the future of investor communication and we are thrilled to add this feature to the platform.”

BIGtoken, a platform that specializes in consumer data collection, enabling consumers to own and monetize their data, now offers quick yet robust audience insights in just hours. The newly introduced solution, called BIGtoken Lightning Insights, is now enabling brands to quickly activate research and surveys about their brand, products, or industry. The tool leverages over 16 million survey respondents across more than 30 countries, allowing brands to target and access very niche groups through 10,000 unique points of segmentation, augmenting their inquiries with additional data points such as location and buying history. Unlike other similar products offered by competing digital data companies, BIGtoken Lightning Insights provides actionable audience insights in hours, not days, giving brands that use it a competitive edge over their rivals. The new tool enables prompt support for informed decision making, thus helping brands overcome uncertainty during this critical time by gathering immediate data from their target consumers.

To showcase the impressive capabilities of the new tool, the company recently surveyed the BIGtoken community to explore how the recent pandemic restrictions have affected their social and work life. In just 24 hours, the company received results from over 1,300 panelists, indicating that consumers are most worried about the financial burden resulting from the social distancing environment, followed by cabin fever and worries arising from the absence of necessities such as food.

The full results of this study can be found at http://ibn.fm/6wukI.

As a pioneer in digital data space, SRAX has a proven track record of leveraging newly emerging market trends and capitalizing on its early entrance into nascent industries. Amid the global pandemic, the company is poised to yet again seize the market opportunity by adjusting its offer to meet the changing behavior of both consumers and public companies and their investors. With its diversified business model, which generates multiple income streams across the world’s largest markets, SRAX is an attractive investment opportunity for investors who seek growth potential supported by robust fundamentals.

For more information, visit the company’s website at www.SRAX.com

NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

• PowerBand Solutions is a technology solutions provider dedicated to revolutionizing how consumers and retailers buy, sell, lease, and auction vehicles
• PowerBand Solutions is building a growing network of platforms that serve customers on a B2B, B2C and C2C basis
• The advent of the global COVID-19 pandemic and its social distancing measures have reinforced the importance of e-commerce and the need to successfully fulfill sales transactions online
• PowerBand has secured $1.2 million in financing as part of an at-least $10 million commitment from one of the United States’ largest administrators of automotive warranty and insurance products
• PowerBand has also begun trademark registration to build its new brand, DRIVRZ

North America is more than two decades into the e-commerce revolution that has seen the rise of giant, innovative online retail and service operations such as eBay, Amazon and Ali Baba, as well as the web-based storefronts for an expanding variety of brick and mortar businesses. The e-commerce industry has blossomed to 24 million online stores, but a report last year noted that only a fraction of them – 650,000 – had succeeded in generating more than $1,000 per year in online revenues (http://ibn.fm/5O0qG).

Still, it’s a metric that continues to evolve, and it’s hard to imagine a stronger impetus for driving consumers online than the COVID-19 pandemic sweeping the planet that has led governments worldwide to impose a variety of stay-home orders, which in turn has prompted skyrocketing unemployment claims, business shuttering and the postponement or cancellation of crowd-generating events. Innovators have been working to adapt existing operations to newly online-friendly accessibility (http://ibn.fm/s3qg3).

Amid the upheaval caused by the pandemic, the innovative e-commerce auto buying and leasing platform created by PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) seems positively prescient. Over the course of the past year, PowerBand Solutions has honed its focus on creating a revolutionary cloud-based, consumer-directed marketplace that streamlines interactions among all automotive industry players by completing acquisitions, partnerships and tech solutions that form an interactive network for the company to enable vehicle trades.

The company recently announced it has secured $2.7 million from Texas-based D&P Holdings, Inc. as part of an ongoing $10-milion financial commitment to support its cloud-based, transaction platform where consumers and dealers can buy, sell, lease and trade vehicles from smart phones and other tech devices from any location, including their homes, without having to be physically present or rely on a third-party middleman.

“We are unwavering in our previously stated commitment to invest at least USD $10 million into PowerBand US,” D&P’s CEO John Armstrong stated in a news release about the financing (http://ibn.fm/RXAmF). “While COVID-19 has caused unexpected business delays for many of us, this crisis has reinforced our belief that PowerBand will revolutionize how consumers and dealers interact when they buy, sell, lease and trade cars and trucks.”

Car and Driver reported recently that most automotive retailers saw new car sales drop in year-over-year first quarter figures that ranged from 7.1 percent (General Motors) to 29.6 percent (Nissan), with the declines primarily due to shutdowns in March after strong January and February openings (http://ibn.fm/YVFnP). A survey by Cars.com reported that the pandemic had led a large percentage of people to stop using public transportation or ride-sharing services, and that there was a modest increase in the percentage of people willing to consider handling price negotiations and financing online for car purchases – nearly half of those surveyed (http://ibn.fm/stnWW).

PowerBand’s product solutions include tech platforms not only for financing and inventory, but also for used vehicle inspections thanks to an LOI with an internationally recognized expert in such inspections, and for dealership auctions thanks in part to a joint-venture partnership with another company. Together, the company’s solutions allow people to buy, lease and sell cars and trucks with an unprecedented simplicity, speed and cost-efficiency, from anywhere.

PowerBand also announced April 16 that it has begun the process of trademark registration for the brand DRIVRZ as its top-level wordmark and logo (http://ibn.fm/ip5Yi). The company will continue to use PowerBand as its corporate name, and its public markets symbols on public markets for investors and regulators are not changing as a result of the branding.

For more information, visit the company’s website at www.PowerBandSolutions.com

NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://ibn.fm/PWWBF

• Plus Products releases PLUS CBDRelief brand into the California adult-use market
• New product line currently includes two products: PLUS CBDRelief 9:1 Tropical Mango and PLUS CBDRelief 18:1
• PLUS CBDRelief products specifically formulated to help reduce chronic subclinical inflammation, provide full-body relief and promote a calm state of mind

With its gummy products consistently ranking tops in California, the world’s largest cannabis market, Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) is focusing its current efforts on maintaining its best-selling spot as well as expanding market share in a category that has historically remained underserved. PLUS plans to accomplish both with the launch of its newest line of products – two high-CBD, low-THC gummies designed to fill a hole in the wellness and relief-market cannabis category.

This month Plus Products released its PLUS CBDRelief brand into the California adult-use market (http://ibn.fm/R6Enj). The product line currently includes two products: PLUS CBDRelief 9:1 Tropical Mango with 9 mg of CBD and 1 mg of THC per serving and PLUS CBDRelief 18:1 Tart Cherry with 18 mg of CBD and 1 mg of THC per serving. The PLUS CBDRelief cannabis-infused gummies are expected to be available statewide in coming weeks.

“We have seen compelling success with our core brand and are excited to take the next step towards becoming a true portfolio of brands with the launch of PLUS CBDRelief,” PLUS co-founder and CEO Jake Heimark stated in a news release. “Last year we partnered with market structure research firm HJR Associates and found that when consumers used cannabis, over one-third of the time it was to address pain, stress or anxiety. This represents a massive market that appears, thus far, to have been underserved. We believe there are almost no edibles products in California designed to meet the needs of these consumers, and we’re excited to introduce products formulated specifically for that purpose.”

PLUS CBDRelief products are specifically formulated to help reduce chronic subclinical inflammation, provide full-body relief and promote a calm state of mind. The proprietary products contain an exclusive mix of high-quality CBD and THC to deliver the highest cannabinoid content per package among gummies in the California marketplace; the products are also deliberately designed in dosages that enable consumers to precision dose, or control the dosages they receive based on individual response and desires.

The new PLUS CBDRelief brand is a strong addition to Plus Products core brand, which was the largest cannabis-infused gummies brand in California in 2019 and ranked as the best-selling cannabis product in the state across all categories over the same period.

“Research suggests that people are looking to cannabis as a holistic tool for relief,” PLUS Chief Scientific Officer Ari Mackler stated in a news release. “It’s exciting to leverage rigorous science to formulate great products that enable people to help themselves. Research on cannabis is progressing quickly, and we are driving our portfolio of products with innovative science and technologies that will support our customers’ health and wellness goals.”

Plus Products is well positioned for greater growth in California. The company has also taken its top-selling product into Nevada. Of note for investors is that PLUS has a strong management team and a clean capital structure with considerable insider ownership. The company continues to build the world’s largest cannabis brand by applying its successful formula to new products and consumers.

For more information, visit the company’s website at www.PlusProducts.com

NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://ibn.fm/PLPRF

• Kitz brings with him more than two decades of experience, global perspective of innovation and manufacturing gained from Siemens career
• “Exro has the potential to add significant value to industrial sectors worldwide,” said Kitz
• New board member’s insight, ingenuity, experience will help “accelerate the commercialization of Exro technology into the global marketplace,” XRO COO observed

Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), whose technology unlocks the unrealized power within the world’s electric motors, has announced that Werner Kitz, an industry leader in electric motors and drives, has joined the Exro Business Advisory Board.

A senior executive and engineer at Siemens who retired in 2019, Kitz brings with him more than 25 years of experience and a global perspective of innovation and manufacturing in the power-conversion sector (http://ibn.fm/mk213). He will be advising Exro as the company continues its aggressive commercialization program to improve the performance of electric motors used in the automotive, energy, agricultural, marine and last-mile transportation space, among others.

“I am happy to join the Business Advisory Board to assist Josh and the Exro team in bringing Exro’s technology to market,” Kitz stated in a news release. “Exro has the potential to add significant value to industrial sectors worldwide, ensuring we get more from the energy we use to power electric motors and powertrains.”

A 1981 graduate of Rheinisch-Westfälische Technische Hochschule Aachen (RWTH-Aachen), Kitz spent his time at the university focused on motors, drives and power distribution. He obtained employment at Siemens as an electrical engineer at the company’s motor factory in Nuremberg, Germany, where he made an immediate impression with his insight and expertise. He was promoted within a year to Siemens’ headquarters to concentrate on engineering and automation in the metals aspect of the industry.

By 1998, Kitz was serving as director of engineering for Siemens’ large drives division in global markets, where he shouldered responsibilities for innovation in variable speed drives for metals, O&G, and test stands; he also took on new market development for high-power and high-torque applications. In 2014, he was named vice president of mill drives in the company’s minerals industry division.

“Werner has played a major role at Siemens – and the world’s electrical motor and drive sector – for more than a quarter of a century,” Exro COO Josh Sobil stated in a news release. “Werner’s insight, ingenuity and experience will help us accelerate the commercialization of Exro technology into the global marketplace.”

Kitz joins a group of individuals with impressive experience in the industry including Sue Ozdemir, who was appointed Exro’s CEO in September 2019 after serving as CEO of GE’s Small Industrial Motors Division.

Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of power systems, including electric motors, generators and batteries. Exro’s patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan. The widespread applications of the technology apply to optimizing the performance of electric vehicles, UAVs, and ship drives, as well as pumps, industrial motors, and energy capture from wind and tides.

For more information, visit the company’s website at www.Exro.com

NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF